South Florida RE titans push into banking

Three of South Florida’s biggest real estate hotshots, Jimmy Tate, Sergio Rok and Jorge Perez, are considering moving into the banking business. According to the South Florida Business Journal, the group is looking into purchasing U.S. Century Bank, which they are calling “undercapitalized.”

Whether the deal closes or not should be announced in the coming days, as the group completes its due diligence phase. The bank’s board has already approved the proposed deal.